November 2, 2017
We’re delighted to announce that Quanta has been granted a licence to operate and develop business in the Isle of Man, becoming the first blockchain gambling business in the world to obtain a reputable gambling licence. Obtaining the globally recognized licence from Isle of Man government is a significant step of Quanta towards global launch as it allows Quanta to operate with full compliance and ensure the transparency and fairness of its system.
Utilizing Ethereum global network system, Quanta automatically manages the sales, ticket issuing, lottery pool, and winning ticket selection, therefore ensuring fully autonomous, transparent, manipulation-proof gaming. Quanta’s decentralized network not only provides safety and credibility to players and operators but also democratizes the experience by making it available to everyone regardless of border or economic status.
The Isle of Man has a world-class reputation as an e-Gaming jurisdiction whose priorities are to keep gambling crime free, to protect the young and vulnerable, and to ensure that the facilities offered by licensed operators are fair and that players receive their true winnings.
The Isle of Man is one of the most respected gambling jurisdictions offering licences to operators in the online gambling industry, thus by receiving the world-class licence from Isle of Man government, Quanta has proved its fully transparent, fair, and secure lottery system. This licence also has an important impact on Quanta lottery players since the licence places strong emphasis on protecting player’s funds, which means that any deposits or winnings players have with Quanta are secure and can be enforced by law.
The full announcement issued by Isle of Man Government: https://www.gov.im/news/2017/oct/27/new-e-gaming-company-licensed-in-the-isle-of-man/
We are also pleased to get featured on CoinDesk upon receiving this world-class licence: https://www.coindesk.com/isle-man-grants-license-ethereum-based-lottery/